PNC Financial Services Group Inc. Sells 41,225 Shares of Invitation Home $INVH

PNC Financial Services Group Inc. decreased its holdings in shares of Invitation Home (NYSE:INVH) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 557,557 shares of the company’s stock after selling 41,225 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invitation Home were worth $18,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its position in shares of Invitation Home by 10.8% in the first quarter. CWM LLC now owns 6,509 shares of the company’s stock valued at $227,000 after acquiring an additional 635 shares during the period. Wealthfront Advisers LLC boosted its stake in Invitation Home by 21.8% during the first quarter. Wealthfront Advisers LLC now owns 23,522 shares of the company’s stock worth $820,000 after buying an additional 4,215 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after buying an additional 854 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Invitation Home by 13.9% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 13,091 shares of the company’s stock worth $457,000 after acquiring an additional 1,596 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Invitation Home by 4.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 43,987 shares of the company’s stock worth $1,533,000 after purchasing an additional 1,874 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Up 0.4%

Shares of NYSE INVH opened at $28.38 on Friday. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. The firm has a market capitalization of $17.40 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.92 and a beta of 0.81. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $28.83 and its 200-day moving average is $31.20.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The company had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Equities analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is presently 122.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research note on Friday, October 17th. Morgan Stanley lowered their price target on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday. Mizuho cut their price objective on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Royal Bank Of Canada lowered their target price on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Finally, Evercore ISI cut their price target on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.15.

Invitation Home Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.